Q1 2018 Market Report - Lakes Region of New Hampshire

THE LAKES REGION

MARKET REPORT Q1 2018

PROPERTIES OF DISTINCTION REGARDLESS OF PRICE Whether your property is valued at $200,000 or $2,000,000, it has a story all its own. It’s written in the details, big and small, that make a house into a home... or a piece of land into a dream. A remembrance of things past... a celebration of things to come. Telling these treasured tales is our specialty. We start by uncovering and bringing to life all the things that make a property exceptional.

By combining outstanding photography and attention-getting narrative details, our distinctive storytelling process provides our clients the opportunity to showcase their home’s finer details in ways that truly resonate with prospective buyers. It is with pleasure that we use our considerable experience and resources to artfully unite special places with those who will cherish them.

MARKET OVERVIEW

Q1 2018

KNOWLEDGE IS POWER We are proud to share our Q1 2018 Market Report for the Lakes Region of New Hampshire real estate market.

In this report you will find year over year market trends by Town in order to provide you with the most updated information so that you can make the most informed decisions as you evaluate your real estate options.

Overall, the real estate market is off to a mixed start in Q1 2018 in the Lakes Region of New Hampshire. Less available inventory has caused a decrease in unit sales and overall volume. Belknap County closed sales in units decreased -7.6% and total sales volume decreased by -14.0%, however, the Median Sale Price increased +15.3%. For Carroll County, total closed sales in units decreased -9.0% and total sales volume decreased -5.1%, while the Median Sales Price increased by +13.7%.

The lack of inventory will continue to be a major driving factor in the lower and mid-range segments. However, the economy is strong with low unemployment and wages have begun to show some improvement. We are cautiously optimistic that the current trends will continue throughout the Spring and Summer of 2018 even in the face of likely higher mortgage rates and the new federal tax legislation’s impact on the market.

Four Seasons Sotheby’s International Realty has 20 offices spread throughout Vermont and New Hampshire and is widely regarded as one of the leaders in the Lakes Region real estate market. Our agents are engrained in the communities we serve and are ready and eager to serve all of your real estate needs.

We are committed to providing the highest level of service and expertise to Buyers and Sellers alike.

It would be our privilege to serve you for all of your real estate needs in the Lakes Region of New Hampshire.

Alan DiStasio - Partner and Chief Operating Officer Cover Property: MLS#4675508 Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 1/01/2018 - 3/31/2018

ALTON NEW HAMPSHIRE

2017

2018

% CHANGE

20

22

10%

$379,345

$262,422

31%

150

162

8%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

For Sale

100

Sold 92

91

Pended

84

80

83

76

74

72

60

60

51

39

40 32

20

19

16

14

18

16

14

12

11

8

0

6

4/17

14

5/17

17

6/17

13

7/17

23

8/17

32

11

9/17

9

10/17

19

11/17

5

9

12/17

5

5

7

4 5

1/18

2/18

3/18

CENTER HARBOR NEW HAMPSHIRE

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

2017

2018

% CHANGE

6

1

83%

$283,166

$345,000

22%

197

60

70%

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

10

10

For Sale

10

Sold 9

9

Pended 8

8

8

6

6

6 5 4

4 3

2

2

2

0

4/17

1

1

5/17

3

2

2

6/17

4

3

1

0

5

0

7/17

1 2

2

4

8/17

9/17

10/17

1

1

2

1

0

0

1

11/17

12/17

1/18

2/18

3/18

0

GILFORD NEW HAMPSHIRE

2017

2018

% CHANGE

47

40

15%

$270,640

$258,918

4%

108

170

57%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

For Sale

140

Sold 118

Pended

123

119

115

111

112

102

101

96 87

82

84

70 63

56

28

33

30

27

31

27

26

26 19

18

14

11

0

17

4/17

24

5/17

28

6/17

31

7/17

25

8/17

34

9/17

27

10/17

15

11/17

7

16

12/17

11

1/18

6

2/18

17

3/18

GILMANTON NEW HAMPSHIRE

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

2017

2018

% CHANGE

24

18

25%

$175,739

$159,322

9%

256

260

2%

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

For Sale

50

Sold Pended 41

40

30

37

37

37

30 28

27

24

24 21

20

20

15

15

10

9

10

9

7

6

7

6

6

4

0

6

4/17

7

5/17

10

6/17

11

7/17

12

8/17

7

9/17

10

10/17

8

1 5

3

2 3

6

11/17

12/17

1/18

2/18

3/18

LACONIA NEW HAMPSHIRE

2017

2018

% CHANGE

82

75

9%

$288,217

$227,219

21%

134

104

22%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

200

For Sale 192

191

189

Sold

191

Pended

175 162

160

145 132 119

117

120

105 94

80

55

40

54

54

49

46

40

36

38 29

34

0 4/17

41

5/17

51

6/17

44

7/17

48

8/17

53

9/17

51

10/17

23

20

19 32

11/17

23

12/17

18

1/18

18

2/18

27

3/18

MEREDITH NEW HAMPSHIRE

2017

2018

% CHANGE

26

26

0%

$375,598

$273,415

27%

98

55

44%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

For Sale

90

Sold 84

83

Pended 74

72

54

70

67

67

55

52

41

41

38

36

36

18 13

0

23

20

6

4/17

12

5/17

14

12

11

10 16

6/17

10

7/17

13

8/17

17

9/17

5

24

10/17

9 5

11/17

4

8

12/17

8 5

1/18

8 5

2/18

12

3/18

MOULTONBOROUGH NEW HAMPSHIRE

2017

2018

% CHANGE

32

20

38%

$408,073

$580,752

42%

187

90

52%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

For Sale

120

Sold Pended 105

101

98

95

96

93 81

74

72 63

61 55

54 46

48

31

24

26

23

21

15

0

12 13

4/17

20

19

5/17

10 22

6/17

15

7/17

21

8/17

21

9/17

9

8

20

19

4 21

6

10/17

11/17

12/17

1/18

3

2/18

6

7

3/18

WOLFEBORO NEW HAMPSHIRE

2017

2018

% CHANGE

40

31

23%

$272,303

$382,319

42%

189

272

44%

NUMBER OF PROPERTIES SOLD AVERAGE SALE PRICE AVERAGE DAYS ON MARKET

Source: (Data) NNEREN 1/1/17 - 3/31/17 and 1/1/18 - 3/31/18 | (Graphs) Trendgraphix utilizing NNEREN data 4/01/2018 - 3/31/2018

NUMBER OF HOMES FOR SALE VS. SOLD VS. PENDED (APR. 2017 - MAR. 2018)

For Sale

119

120

Sold

111

108

Pended

105

103

101

96

91 86

72

68 62 49

48

41

24

24

24

23

22

18

17

13 7

0 4/17

9

16

5/17

12

6/17

20

7/17

29

8/17

9 20

9/17

18

4 8

5 6

10/17

11/17

12/17

7

5

8

8

1/18

2/18

3/18

MLS#4683183

SOUTHERN VERMONT

CHAMPLAIN VALLEY

LAKE WINNIPESAUKEE REGION

Mount Snow: 802.464.1200 Stratton: 802.297.1100 Manchester: 802.362.4551 Okemo: 802.228.4537 Bromley: 802.824.3113

Middlebury: 802.388.1000 Vergennes: 802.877.3232 South Burlington: 802.864.0541

Meredith: 603.677.7012 Wolfeboro: 603.941.1000

CENTRAL VERMONT Rutland: 802.774.7007 Stowe: 802.253.7267 Randolph: 802.565.8136

NORTHEAST KINGDOM St. Johnsbury: 802.751.7582

LAKE SUNAPEE REGION New London: 603.526.4050

UPPER VALLEY Fairlee: 802.333.4701 Hanover: 6 03.643.6070 603.643.6400 West Lebanon: 603.298.5155

SOUTHERN NEW HAMPSHIRE Bedford: 603.413.7600

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